GPC at important level
Today the autoparts companies got hammered because of the fantastic news delivered by ORLY
seekingalpha.com/news/3276986-auto-parts-stocks-watch-oreilly-warning
GPC stood it's ground at the 38.20% retracement fibionacci level, at which the market already agreed it was a good entry point 3 times on the last 4 months.
If the terrible news from today didn't make it fall below this point we have a very strong support level.
Trade with confidence.
Cheers
seekingalpha.com/news/3276986-auto-parts-stocks-watch-oreilly-warning
GPC stood it's ground at the 38.20% retracement fibionacci level, at which the market already agreed it was a good entry point 3 times on the last 4 months.
If the terrible news from today didn't make it fall below this point we have a very strong support level.
Trade with confidence.
Cheers
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